Property Abroad

Montenegro

Budva

Petrovac

Flat

Flat 55 м² in Petrovac, Montenegro

142 487 $

2 590 $ /м²

4Ocma

Flat 55m² in Montenegro, Petrovac. Priced at 125000€ rent photo- #1

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Area

55 м²

Bedrooms

Bathrooms

Year of construction

2025

Apartments under construction

A new building is being built in Petrovac, 700 meters from the city beach and the beach Lučice

Apartments from 40 m2 to 75 m2 with 1 and 2 bedrooms are for sale, some apartments have a sea view, some apartments have a view of the greenery and mountains

PROMOTION - apartment on the 2nd floor 40 m2 with 1 bedroom and a side view of the sea. - 90,000 euros!

High quality construction, modern technology

Completion of construction is scheduled for spring 2025

Payment by installments until completion of construction

There is a possibility to purchase a garage, cost from 39,000 euros (possible redevelopment into a studio apartment)

Parking for each apartment is included in the price

Services and facilities

Garage/parking

Additional details

Property type

Residential Properties

Object type

Flat

Price

142 487 $

Characteristics

Garage/parking

Distance to key points, m

To sea 700

FAQ

In Montenegro a residence permit is typically issued based on a minimum investment threshold. Applications are reviewed within 30–60 days in Petrovac; you will need a passport, proof of funds, and the ownership documents. Hatamatata helps prepare and submit the paperwork.

Banks in Montenegro finance 50–70% of the property value for non-residents with rates of 3–5% for 20–30 years. A life insurance policy and a 30–40% down payment are usually required. Terms and programs vary by city and bank.

Expected expenses: transfer tax 0–15%, registration 0.5–2%, notary 0.5–1.5%, agent commission 0–3%. In total 2–20% on top of the purchase price. Exact rates depend on region, property type and programs.

A title search at the land registry of Montenegro takes 10–15 business days. You receive ownership, encumbrance and tax clearance certificates. Documents are translated and reviewed by a lawyer before signing.

Yes. Rental income tax is 5–25% depending on the regime. In Petrovac short-term tourist rentals typically yield 5–8% per year. Municipal permission and income registration are usually required.

Yes. An inspection costs about 0.5–1% of the price (142 487 $) and covers structure, utilities and legal status. Hatamatata arranges a qualified engineer with an EN/RU report.

A typical transaction runs 30–90 days, averaging 45 in Petrovac: due diligence (10–15 days), notarization (5–7 days), registration (10–14 days), residence permit (30–60 days, if needed).